However, you can actually save millions of dollars in taxes by starting during the blueprint phase.Here are some examples of ways to save on taxes:For conference rooms in a hotel, Instead of installing regular walls, if you install moveable walls, the walls could be depreciated using the rules of bonus depreciation.For a multi-family apartment complex, changing the model of the bathroom exhaust fan to a variable speed could help qualify for the energy credit which is $2,000/unit.For a large apartment complex, installing a ceiling fan could allow you to qualify for 45L tax credits.For a hotel, if the porte-cochere is detached from the hotel building, it could be fully deductible in year one as it could be considered a land improvement.

We replaced roof, some new windows, new A/C, flooring, quartz countertops, new appliances, basic bathroom remodel and gave the exterior a facelift.

You're certainly right about not discounting things that have been on the market for a while; sometimes things go under contract right away and then fall out of contract, and you just happen to be in the right place at the right time 😀

Ie.  2 or 200 units full gut or just flooring, kitchens, and bathrooms? 

We took a large single bathroom and split it to a master and another full bath.

We took a large single bathroom and split it to a master and another full bath.

We spent a little less than 2 months renovating the property: Brand new roof, Remodeled all of the bathrooms, Added a boat Pier, Repaved the driveway, Striped a basketball court, Painted the entire inter How did you finance this deal?

Also plan to remodel kitchen and bathroom for the unit we live in.

Purchase price: $30,000 4 bedrooms , 3 bathrooms , 2 kitchens , 2 living rooms , Basement , Front Yard , 3 Car Driveway , Detatched 1 And A Half Garage, Backyard

You need to plunge it, I said.There are 3 plungers already (left by previous tenants) that I distributed among the 4 bathrooms, but of course, his is the one without a plunger.